Unitech Energy Resources Inc.

Unitech Energy Resources Inc.

May 26, 2011 15:20 ET

Chairman of Gas Frac Energy Services Inc. Appointed as New Director of Unitech Energy Resources

CALGARY, ALBERTA--(Marketwire - May 26, 2011) - Unitech Energy Resources Inc. (" Unitech" or the "Company") (TSX VENTURE:URX) is pleased to announce that, subject to the approval of the TSX Venture Exchange, Mr. Gerald Roe has agreed to join the Board of Directors of the Company. The Board of Directors of Unitech is now comprised of Gregory Leia, Steve Price, Jim Ross and Gerald Roe.

Mr. Roe is currently a Director and Chairman of the Board of Gas Frac Energy Services Inc. and has over 44 years of experience in the upstream oil and gas industry. Mr. Roe was the Chief Operating Officer (from January 2005 to November 2007) and the Vice-President, Operations (from May 2004 and January 2005) of Oilexco Incorporated, an oil and gas company that was listed on the Toronto Stock Exchange and the London Stock Exchange. From 2001 to May 2004, Mr. Roe was the President of Orca Petroleum Inc., an oil and gas company that was listed on the TSX Venture Exchange. Since October 2003, Mr. Roe has been a director of Boxxer Gold Corp., a mining company listed on the TSX Venture Exchange and since May 2009 he has been the Chief Operating Officer of Canadian Overseas Petroleum Limited, an oil and gas company listed on the TSX Venture Exchange. Mr. Roe received a Bachelor of Science in Mechanical Engineering in 1965 from the Montana State University.

Unitech has acquired oil and gas mineral rights to properties in south west Texas. Unitech expects to drill its first well testing the Eagle Ford formation using an open hole multistage horizontal frac using propane and sand.

About Unitech

Unitech's business currently includes a wide range of oil and gas activities including oil and gas proprietary technologies, oil and gas exploration and oil and gas services, including oil and water disposal services. For additional details, please visit Unitech's website at www.unitechenergy.ca.

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the timing and completion of the Company's proposed drilling plans and activities and related information. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are founded on the basis of expectations and assumptions made by the Company which include, but are not limited to, the timing of the Company's proposed drilling plans. Such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in the prices of oil and natural gas; governmental regulation of the oil and gas industry, including environmental regulation; unanticipated operating events or performance which can reduce production or cause production to be shut in or delayed; failure to obtain industry partner and other third party consents and approvals, if and when required; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, drilling, processing and transportation problems; changes in tax laws and incentive programs relating to the oil and gas industry; failure to realize the anticipated benefits of acquisitions and dispositions; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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